Tuesday 4 November 2008

Shree Renuka Sugars can test Rs 71: Bose

Technical Analyst, Rajat K Bose is of the view that Shree Renuka Sugars can test Rs 71.

Bose told CNBC-TV18, "Sugar can show a short-term rally provided the Nifty doesn’t backfire in a big way. Shree Renuka has got maximum strength in the sugar space and once it touches Rs 66 then there would be some resistance. Beyond that may be Rs 71 also could be scaled up."

Disclosure: Analyst doesn't hold the above stock.

Source: Moneycontrol

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